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Karin Kronhöffer

Karin Kronhöffer

Press contact Director, Strategy & Communication +46 72 050 31 91
Axel Hallgren

Axel Hallgren

Press contact Press and Communications Manager +46 70 234 49 46

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Swedfund invests in African tech entrepreneurs and promotes increased digitalisation

Investment in digitalisation in developing countries is central to reducing both financial and digital gaps. Hence, the Swedish development finance institution, Swedfund, invests in a fund focusing on developing young companies and supporting entrepreneurs working with digital business models spun out of local needs in Africa. The investment of USD 10 million is made in TIDE Africa Fund II.